THE WOODLANDS, Texas,
May 18, 2015 /PRNewswire/
-- Chiyoda Corporation (TSE: 6366; ISIN: JP3528600004),
CB&I (NYSE:CBI) and Saipem today announced the three companies'
joint venture, CCS JV, has been selected as contractor for the
initial development of the onshore LNG park in Mozambique by Anadarko Petroleum Corporation
on behalf of the co-venturers in Mozambique's Offshore Area 1. The selection of
CCS JV is subject to negotiation and entry into a definitive
agreement prior to Anadarko and its co-venturers taking a Final
Investment Decision (FID).
The initial scope of work for the onshore LNG park includes two
LNG trains, each with a capacity of six million tonnes per annum,
two LNG storage tanks, condensate storage, multi-berth marine jetty
and associated utilities and infrastructure.
CCS JV has a long-term relationship with Anadarko and its
partners for the planning and development of this project and will
bring the three companies' substantial LNG experiences to
successfully complete the onshore LNG park in Mozambique.
About Chiyoda
Chiyoda Corporation, headquartered in
Yokohama, Japan, is a leading
contractor for designing and constructing LNG plants, accounting
for more than 40 percent of the world's total LNG production
capacity based on its innovative plant design and world class
project execution capabilities with a relentless drive for safety.
For more information, visit www.chiyoda-corp.com/en.
About CB&I
CB&I (NYSE:CBI) is the most complete energy infrastructure
focused company in the world. With 125 years of experience and the
expertise of approximately 54,000 employees, CB&I provides
reliable solutions while maintaining a relentless focus on safety
and an uncompromising standard of quality. For more information,
visit www.cbi.com.
About Saipem
Saipem operates in the Engineering &
Construction and Drilling businesses, with a strong bias towards
oil & gas-related activities in remote areas and deep waters.
Saipem is a leader in the provision of engineering, procurement,
project management and construction services with distinctive
capabilities in the design and execution of large-scale offshore
and onshore projects, and technological competences such as gas
monetization and heavy oil exploitation.
Important Information For Investors And Shareholders
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements regarding
CB&I and represents our expectations and beliefs concerning
future events. These forward-looking statements are intended to be
covered by the safe harbor for forward-looking statements provided
by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and
uncertainties. When considering any statements that are predictive
in nature, depend upon or refer to future events or conditions, or
use or contain words, terms, phrases or expressions such as
"achieve," "forecast," "plan," "propose," "strategy," "envision,"
"hope," "will," "continue," "potential," "expect," "believe,"
"anticipate," "project," "estimate," "predict," "intend," "should,"
"could," "may," "might" or similar forward-looking statements, we
refer you to the cautionary statements concerning risk factors and
"Forward-Looking Statements" described under "Risk Factors" in Item
1A of our Annual Report filed on Form 10-K filed with the SEC for
the year ended December 31, 2014, and
any updates to those risk factors or "Forward-Looking Statements"
included in our subsequent Quarterly Reports on Form 10-Q filed
with the SEC, which cautionary statements are incorporated herein
by reference.
Logo: http://photos.prnewswire.com/prnh/20150517/216550LOGO
Logo -
http://photos.prnewswire.com/prnh/20130430/DA04155LOGO
Logo: http://photos.prnewswire.com/prnh/20150517/216549LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/chiyoda-cbi-and-saipem-joint-venture-selected-as-contractor-for-mozambique-lng-development-300084634.html
SOURCE CB&I; Saipem; Chiyoda Corporation
